The elements of Open Dealer Exchange

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With the deal expanding beyond the F&I office, negotiations now also happen in the showroom and the Internet. With Open Dealer Exchange you won’t miss any of these sales and marketing opportunities. For transactions originating through the Internet, your brand and related offers can be right in front of the vehicle buyer. Imagine targeting your offers presented at dealers by geography, manufacturer, or drill down to one-on-one communications. The possibilities are endless.

Open Dealer Exchange offers three key communication points within the dealers’ transactional point-of-sale systems:  Credit Applications, Contract Data Integration and eContracting & Funding Packet Distribution.

INTEGRATION POINT 1	Credit Applications
The Feature	You receive credit application information electronically, directly from the dealer and the deal processing system. You are then able to review the information, include any notes or conditions, and send it back to the dealer through the same connection.
The Difference	You pay only for successful applications. Open Dealer Exchange offers a unique pricing model based on performance, not application transaction charges. You’ll send and receive applications as you do today, but from a dealer’s perspective, they can send applications from more points during the deal.
For the Dealer	Dealers will be able to better manage their finance source relationships within their workflow. Communications can start from sales, F&I or online, allowing more for a flexible deal process.

INTEGRATION POINT 2	Contract Data Integration
The Feature	New! Deal information is sent to you for validation in your systems. The ability to verify that deal information matches credit applications, that the right rates, terms and other criteria are applied and more throughout the sales process lets you send back changes, notes and corrections before the customer leaves with the vehicle.
The Difference	Validation is done during the deal and not after it’s completed. You have the ability to validate, make changes and/or corrections before the dealership produces and sends signed contracts. The net result is more clean deals and a reduction in manual corrections and phone clarifications with the dealer.
For the Dealer	Faster, more accurate deal processing. Dealers can correct deals prior to final submission, resulting in more error-free deals the first time out, and less correction delays.

INTEGRATION POINT 3	eContracting & Funding Packet Distribution
The Feature	Once the deal numbers are corrected and finalized by the dealership, all the final dealership documents for securing the loan — complete with electronic signatures — are sent electronically to you for approval then archival.
The Difference	Funding packets are received electronically instead of via courier. No more sorting in mail rooms, no more scanning of paper documents and no more faxing. The system keeps track of all communications and verifies that there are no missing electronic documents or missing signatures resulting in more clean deals.
For the Dealer	Better customer service, improved CSI. All deal information can be quick and easily retrieved and re-distributed electronically to answer customer queries, all from one platform.